I've just started a prop trading firm job (reputable firm, eat what you kill, high percentage cut). I had some questions about personal savings/spending.
ASSUMING I am not a complete failure at trading, but still have an irregular salary (for example, 50k one year, 400k the next year, 80k the next), how do I regulate savings/spending? Not really planning to buy a car due to the city I live in, but I am looking to buy an apartment (hopefully) instead of renting as early as I can. I live somewhat frugally, but this is a pretty big concern of mine.
My mentor at the firm I interned at had to buy his home and cars all upfront (because he had no regular income) and I wanted to know if there was a way to avoid this.